G. JEWELCRAFT LTD, MUMBAI V. ITO 8(1)(4), MUMBAI

ITA 5087/MUM/2012

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 84202 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 3 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-11-2014
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: G
• Next Hearing Date: 11-08-2014
• Assessment Year: 2009-2010
• Appeal Filed On: 09-08-2012
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: R N DSOUZA
• Assessee Lawyers: A PURVA SHAH

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI BEFORE S/SHRI B.R.BASKARAN (AM) AND SANJAY GARG, (JM) . . , , ./I.T.A. NO.5087/MUM/2012 ( / ASSESSMENT YEAR : 2009-10) M/S G JEWELCRAFT LTD., UNIT NO.5, BLOCK NO.II, SEEPZ++ COMPLEX, ANDHERI (E), MUMBAI-400096 / VS. INCOME TAX OFFICER, 8(1)(4), AAYAKAR BHAVAN, M K ROAD, MUMBAI-400020. ( / APPELLANT) .. ( / RESPONDENT) ./ ./PAN/GIR NO. : AADCM8811H ! / REVENUE BY SHRI R N DSOUZA ' ! /ASSESSEE BY SHRI APURVA SHAH # $ ' %& / DATE OF HEARING : 22.10.2014 '( ' %& /DATE OF PRONOUNCEMENT : 14.11.2014 / O R D E R PER B.R.BASKARAN, ACCOUNTANT MEMBER: THE APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINS T THE ORDER DATED 08- 06-2012 PASSED BY LD CIT(A)-16, MUMBAI AND IT RELAT ES TO THE ASSESSMENT YEAR 2009-10. 2. THE GROUNDS URGED BY THE ASSESSEE RELATE TO THE FOLLOWING ISSUES:- (A) WHETHER THE DEDUCTION U/S 10A IS TO BE ALLOWE D PRIOR TO SETTING OFF OF UNABSORBED LOSSES AND UNABSORBED DEPRECIATIO N OR NOT. (B) WHETHER THE PROVISIONS OF SEC. 115 JB SHALL APPLY TO THE UNIT LOCATED AT SPECIAL ECONOMIC ZONE.